Following the Appraisal Standards Board’s February 19, 2021, decision to extend the effective date of the 2020-21 Uniform Standards of Professional Appraisal Practice (USPAP) for one year through December 31, 2022, the Appraiser Qualifications Board (AQB) has received questions and feedback about the impact on continuing education requirements, including how long the new 7-Hour National USPAP Update Course will be effective.
After consulting stakeholders and considering their input, the AQB has decided the newest 7-Hour National USPAP Update Course will be effective for two years, keeping it the same as it has been since the AQB introduced this requirement in 2003. The next version of the 7-hour course will be released October 1, 2021 and be available for offering through December 31, 2023. Therefore, anyone that has taken the 7-Hour National USPAP Update Course between January 2020 and December 2021 will need to take the newest 7-Hour National Update Course prior to December 31, 2023.
Continuing education is a critical part of your professional license and staying up to date with the latest information related to your profession is critical. The Appraisal Foundation maintains consistent continuing education standards, so that all appraisers can have the latest resources in their toolkit for their day-to-day appraisal practice.
More information is available on the Appraisal Foundation website.